Page 106 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

Press Release

H.E. Major General Expert Khalil Al Mansoori said: "The MoU with the Ministry of Economy is
a significant milestone in enhancing institutional integration among relevant entities involved in
combating financial crimes. Dubai Police is committed to supporting national efforts to counter
money laundering and combat terrorism financing by advancing its technical and human
competencies. We aim to leverage Dubai Police's research, investigation, and financial analysis
ecosystems to develop effective, proactive mechanisms for detecting suspicious activities and
enhancing rapid responses to associated risks, in line with global best practices. This plays a role
in reinforcing the UAE's position as a secure and transparent global economic hub."

H.E. further emphasised that the collaboration marks a significant step forward in integrating
national efforts and unifying resources and expertise to develop more precise and effective
regulatory tools, while continuing to invest in national talent and smart technologies to build a
safer and more stable environment.

Counselor Salem Al Tunaiji, Director of the Anti-Money Laundering and Counter-Terrorism
Financing Department at the Ministry of Economy, explained that the MoU provides advanced
mechanisms for technical and security coordination between the Ministry and Dubai Police. This
includes the exchange of data related to money laundering and terrorism financing crimes, aligning
with the Ministry's role in supervising Designated Non-Financial Businesses and Professions
(DNFBPs) and identifying the real beneficial owners of legal entities.

Under the scope of the MoU, both parties will collaborate on developing integrated mechanisms
and programs to elevate risk response efficiency related to suspicious financial activities within
the DNFBP sector, which include real estate agents and brokers, traders of precious metals and
stones, auditors, and company service providers. This will be realised through the exchange of
data on suspicious transactions and activities and the activation of secure and effective institutional
communication channels to ensure the swift exchange of confidential data in line with the
approved legal and regulatory frameworks. These efforts support their awareness endeavours to
prevent and deter violators, in line with the applicable legislations and regulations in the UAE.

The MoU also outlines the implementation of joint training programs and specialised workshops
aimed at enhancing the professional competencies of both parties' staff and the development of
periodic analytical reports to support decision-making, ensuring the comprehensive application of
administrative and regulatory procedures.

Additionally, the MoU includes provisions to support awareness and media campaigns related to
institutional compliance and financial crime prevention, as well as collaboration in developing
relevant policies and legislation and reviewing regulatory frameworks to ensure their alignment
with international requirements.

-Ends-